The £10,000 limit for investment into National Savings Certificates and Index Linked Certificates has been increased to £15,000. National Savings said that the increase had been as a result of existing customers saying that they would invest more if the limits were increased.
Our View
Whilst many National Savings products are below average in the competitiveness stakes, they can have a place in most portfolios. Many products are tax-free and can be tailored to your needs to increase income, growth or minimise tax.
Many advisers ignore these products because they do not pay commission. Our view is that they should always be considered, even if they are later discounted as unsuitable.
Learn more about National Savings Products.